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Section 39 - Major Port Authorities Act, 2021
The Major Port Authorities Act, 2021
39. Power of Board to repay loans to Government before due date.-
The Board may apply any sums, out of monies which may come into its hands under the provisions of this Act and which can be so applied without prejudicing the security of the other holders of port securities, in repaying to the Government any sum which may remain due to it in respect of the principal account of any loan although the time fixed for the repayment of the same may not have arrived.
Related Sections
- Section 3: Constitution and composition of Board of Major Port Authority
- Section 47: Power of Central Government to restore or complete works at cost of Board
- Section 23: Procedure when immovable property cannot be acquired by agreement
- Section 49: Laying of report
- Section 54: Constitution of Adjudicatory Board
Related Acts
* Only for reference.